Mexican Peso gains as China retaliates with 125% tariffs, sending the US Dollar Index below 100 for the first time since 2021.Banxico minutes show unanimous concern over decelerating growth; rate cut likely at next meeting.US data mixed: PPI cools … [Continue reading]
NZD/USD Price Analysis: Kiwi extends gains near 0.5800 zone but eyes 200-day SMA hurdle
NZD/USD trades near the 0.5800 zone after strong gains on FridayResistance aligns with 200-day SMA near 0.5895The NZD/USD pair extended its advance on Friday’s session with the pair seen trading near the 0.5800 zone after a 1.39% daily rise. This … [Continue reading]
Australian Dollar extends recovery as USD slides toward multi-year lows
AUD/USD trades near the 0.6280 region during Friday’s American session, extending this week’s rebound.US sentiment data deteriorates further as tariff risks weigh on Fed flexibility and inflation expectations.Key resistance is seen near … [Continue reading]
AUD/JPY Price Analysis: Gains capped near key resistance as bearish backdrop persists
AUD/JPY trades near the 90.30 zone after modest gains on FridayMomentum remains weak as indicators lean neutral-to-bearishResistance at 90.86 and bearish pressure from key moving averages limit upsideThe AUD/JPY pair posted a mild advance on Friday’s … [Continue reading]
Dow Jones Industrial Average recovers ground to post one of its best weeks in years
The Dow Jones stuck to 40,000 on Friday after a brief dip on fresh tariff concerns.US data came in soft across the board, with consumer sentiment plummeting and PPI inflation easing.Ongoing trade tensions will continue to weigh on markets as China … [Continue reading]
Canadian Dollar gains further ground as market flows continue to reverse
The Canadian Dollar gained another 0.66% on Friday.Market flows are reversing out of the Greenback, pushing Loonie bids higher.BoC rate call due next week, markets wait to see if BoC will continue to deliver last-minute rate cuts.The Canadian Dollar … [Continue reading]
United States Baker Hughes US Oil Rig Count dipped from previous 489 to 480
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
US annual PPI inflation softens to 2.7% in March vs. 3.3% expected
Producer inflation in the US softened unexpectedly in March.US Dollar Index stays deep in negative territory below 100.00.The Producer Price Index (PPI) for final demand in the US rose 2.7% on a yearly basis in March, the data published by the US … [Continue reading]
Breaking: China raises additional tariffs on US goods to 125% from 84%
China's Finance Ministry announced on Friday that they will raise additional tariffs on US imports from 84% to 125%, per Reuters, from April 12."If the US continues to impose additional tariffs on Chinese goods exported to the US, China will ignore … [Continue reading]
US Commerce Secretary Lutnick: Committed to exploding the economy
US Commerce Secretary Howard Lutnick took to the social media platform X to say that “the Golden Age is coming. We are committed to protecting our interest, engaging in global negotiations and exploding our economy.”Market reactionThe US Dollar Index … [Continue reading]